I desperately want to open an account with 500:1 leverage overseas. MIG, tadawulfx, and fxopen are a few I'm currently researching.
Assuming they will take US Clients and offer me the leverage, what will Uncle Sam do to me? I will pay my taxes just like I would on accounts owned by companies operating in the US...
I seem to remember some caveat of the Dodd Frank bill preventing US Clients from trading overseas after some date. Anyone with insight into this matter is greatly appreciated to post.
Assuming they will take US Clients and offer me the leverage, what will Uncle Sam do to me? I will pay my taxes just like I would on accounts owned by companies operating in the US...
I seem to remember some caveat of the Dodd Frank bill preventing US Clients from trading overseas after some date. Anyone with insight into this matter is greatly appreciated to post.